Business Loan Martinsburg, West Virginia

Raising money in Martinsburg, West Virginia? If so, you'll want to talk to some of these small business lenders in Martinsburg.

We wrote this article for entrepreneurs in Martinsburg, West Virginia who are interested in getting a small business loan.

Local Martinsburg Lenders

To assist you in finding a small business banker, here's our list of small business banks in Martinsburg.

Small Business Bank	Recent SBA Loans
Bank Of Charles Town	4
BB & T - Branches- Berkeley Plaza
BB & T - Branches- East Main
BB & T - Branches- Old Courthouse Square
BB & T - Branches- South Side
Branch Bank & Trust	3
Centra Bank, Inc.	2
Citizens National Bank of Berkeley Springs - South Martinsburg
City National Bank
F & M Bank-Maryland
Farmers & Merchants Bank and Trust - Berkeley County- Burke Street Br
Farmers & Merchants Bank and Trust - Berkeley County- Foxcroft Branch
First United Bank & Trust	5
Huntington Banks
Jefferson Security Bank	3
The Premier Bank
United Bank	1

Banks that Lend to Martinsburg Businesses

This is a list of banks outside of Martinsburg, West Virginia that have provided SBA loans to Martinsburg businesses. Some of these may be national banks with local branch locations.

Small Business Bank	Recent SBA Loans
Banco Popular North America New York City, NY	2
Bank Of Charles Town Charles Town, WV	1
Branch Bank & Trust Winston Salem, NC	5
Business Loan Center, LLC Panama City Beach, FL	2
Capital One Mclean, VA	3
Cit Small Business Lending Corp Livingston, NJ	1
City National Bank - W. Virginia Charleston, WV	1
Cnb Bank, Inc. Berkeley Springs, WV	1
First Bank Strasburg, VA	1
Innovative Bank Oakland, CA	3
National City Bank Pittsburgh, PA	1
Pnc Bank, National Association Vienna, VA	1
Sovereign Bank Newtown, PA	1
Sovereign Bank Wyomissing, PA	1
Susquehanna Bank Hagerstown, MD	1
United Bank Wheeling, WV	1
United Bank Winchester, VA	5
Unity Bank Clinton, NJ	1

Tips for Getting a Business Loan in Martinsburg

As a prerequisite to contacting lenders to get a bank loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the lender.

A well-defined business plan is an important prerequisite. If the financing is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to secure the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which you cannot repay the loan.

If the business has few assets, the bank may ask you to to pledge your personal assets, such as the equity in your home. The banks will look at your personal credit report in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of these banks participate in the financial assistance programs available through the SBA. Prior to visiting local banks, you may want to get up to speed on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

If you are new to our Gaebler.com site, you should know that we are deeply committed to supporting entrepreneurs, and we have a lot of information pertaining to to Raising Money. If raising money is on your to-do list, we would suggest you read Business Line of Credit.

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